Stay Bonuses. Associated and the Company shall cooperate in good faith to establish and agree upon payment of appropriate stay bonuses for key personnel of the Company or the Company Subsidiaries (other than those Company executive officers covered by employment agreements) where the Company and Associated believe the continued employment of the person or persons in question through the Effective Time is necessary to maintain the effectiveness of the Company’s and the Company Subsidiaries’ continuing operations and/or to the integration of the businesses of the Company and Associated.
Stay Bonuses. Purchaser acknowledges and agrees that payment of all of the Stay Bonuses shall be made by Purchaser in accordance with the terms of the bonus agreements.
Stay Bonuses. If Employee remains an employee of Company on March 31, 2007, Company shall pay Employee a stay bonus of $75,000. If employee remains an Employee of Company on May 31, 2008, Company shall pay Employee a stay bonus of $125,000 (together with the bonus described in the preceding sentence, the “Stay Bonuses”). The Stay Bonuses shall be paid, less applicable withholdings, on the date such Stay Bonuses are earned.
Stay Bonuses. The Parent and the Company agree that from and after the date hereof, the Company and Parent shall allocate cash and options with an aggregate value of approximately $3,500,000 in "stay bonuses" (of which at least $2,000,000 will be payable in cash) to be paid to key employees of the Company identified by the Company upon consultation with Parent. Such stay bonuses shall be in such amounts and payable on such dates, beginning three months after the Effective Time, as determined by the Company upon consultation with Parent to such key employees who remain employees in good standing with the Company.
Stay Bonuses. Holdco shall be responsible for and shall pay any and all retention, change in control, stay-pay or similar obligations which result from this Agreement or the consummation of the transactions contemplated herein as described and in the amounts set forth on Part I of Exhibit 6.
Stay Bonuses. In the event that the Closing has occurred prior to June 1, 2001, Parent shall pay within ninety (90) days after the Closing bonuses to the employees of the Company and WW in the amounts set forth on Schedule 5.18, provided that such bonuses shall be paid to only those employees who remain employees of the Company or WW, as applicable, on the date of such bonus payments; provided, further, that Parent shall notify Stockholder at least six (6) business days prior to the date of such bonus payments and Stockholder shall pay to Parent in cash any aggregate amount of such bonuses in excess of $4,000,000, such payment being due to Parent no fewer than three (3) business days prior to the date of such bonus payments. In the event that the Closing has not occurred prior to the June 1, 2001 (the "Bonus Payment Date"), Stockholder shall pay on the Bonus Payment Date bonuses to the employees of the Company and WW in the amounts set forth on Schedule 5.18, provided that such bonuses shall be paid to only those employees who remain employees of the Company or WW, as applicable, on the Bonus Payment Date; provided, further, that Stockholder shall notify Parent at least six (6) business days prior to the Bonus Payment Date and Parent shall pay Stockholder all of such bonuses if the bonuses aggregate to less than $4,000,000, but only a portion of such bonuses up to a maximum of $4,000,000 if the bonuses aggregate to more than $4,000,000, such payment being due to Stockholder no later than May 31, 2001; provided, that Parent shall not be obligated in any manner under this Section 5.18 if this Agreement is terminated by Parent pursuant to Section 8.1(d) or 8.1(f) hereof.
Stay Bonuses. Those certain bonuses and similar payments in an aggregate amount not to exceed $1.865 million payable to those persons listed in Schedule A hereto.
Stay Bonuses. On the Closing Payment Date, and thereafter as and when specified, Sellers agree to pay to those Hired Employees set forth on Schedule 9.2 stay bonuses in the amounts and on the dates set forth on Schedule 9.2 next to each Hired Employee’s name; provided, however, that such applicable stay bonuses shall only be payable to each of such Hired Employees if such Hired Employees are employed by Purchaser or one of its Affiliates at the time a bonus is to be paid in accordance with Schedule 9.2; provided further, however, that if any such Hired Employee is not, at the time a bonus is otherwise to be paid, employed by Purchaser or one of its Affiliates, then the amount of such bonus that would have been payable to such Hired Employee shall be re-allocated and paid to all remaining Hired Employees then employed by Purchaser or one of its Affiliates on a pro rata basis as reasonably determined by Purchaser and Sellers.
Stay Bonuses. If Executive remains continuously employed by the Company through May 31, 2018, the Company will pay Executive a lump sum bonus of $50,000. If Executive remains continuously employed by the Company through May 31, 2019, the Company will pay Executive a second lump sum bonus of $50,000.
Stay Bonuses. Each Company Employee who remains employed with the Company or Buyer during the six (6) month period immediately following the Closing Date (or who are terminated without cause during such six (6) month period) shall be entitled to a bonus (the "Stay Bonus"), payable by the Company within one (1) month of the end of such six (6) month period, equal to three (3) months of such Company Employee's then existing base salary. The Buyer shall cause the Company to pay such amounts and Seller shall pay Buyer an amount equal to one-half (1/2) of the amount of such Stay Bonuses paid by the Company. Any Stay Bonus paid to any Company Employees shall be in addition to, and not in lieu of, any severance payment required to be paid to such employees by Buyer in accordance with Section 5.1.
